Emeth Value Capital LLC Buys 168,607 Shares of Vivid Seats Inc. $SEAT

Emeth Value Capital LLC grew its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 43.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 556,918 shares of the company’s stock after acquiring an additional 168,607 shares during the quarter. Vivid Seats accounts for 5.0% of Emeth Value Capital LLC’s portfolio, making the stock its 4th largest position. Emeth Value Capital LLC owned about 0.05% of Vivid Seats worth $4,015,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Vivid Seats in the third quarter valued at $1,330,000. AlphaQuest LLC acquired a new position in Vivid Seats in the 3rd quarter valued at about $634,000. Rangeley Capital LLC purchased a new position in Vivid Seats in the 2nd quarter valued at about $42,000. Ameriprise Financial Inc. lifted its holdings in Vivid Seats by 10.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock valued at $3,756,000 after purchasing an additional 215,057 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Vivid Seats during the 2nd quarter worth about $35,000. 39.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SEAT. Benchmark cut their price target on Vivid Seats from $18.00 to $10.00 and set a “buy” rating for the company in a report on Friday, March 13th. Craig Hallum upgraded Vivid Seats from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, March 13th. Morgan Stanley set a $7.00 price objective on Vivid Seats and gave the company a “positive” rating in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft set a $7.00 target price on Vivid Seats in a research note on Tuesday, January 20th. Finally, Bank of America reiterated an “underperform” rating and set a $5.65 target price on shares of Vivid Seats in a research report on Thursday, March 12th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.27.

Vivid Seats Price Performance

SEAT stock opened at $5.64 on Friday. The company has a market cap of $60.52 million, a PE ratio of -0.08 and a beta of 0.95. The company has a current ratio of 0.59, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. The stock has a 50-day moving average price of $6.57 and a two-hundred day moving average price of $9.47. Vivid Seats Inc. has a 12-month low of $5.06 and a 12-month high of $62.40.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings data on Thursday, March 12th. The company reported ($10.39) EPS for the quarter, missing analysts’ consensus estimates of ($1.81) by ($8.58). The firm had revenue of $126.81 million during the quarter, compared to analysts’ expectations of $137.18 million. Vivid Seats had a positive return on equity of 31.44% and a negative net margin of 75.21%. As a group, research analysts predict that Vivid Seats Inc. will post 0.12 EPS for the current year.

Vivid Seats Company Profile

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.